Egyptian Disruptech Receives Funding From AXIAN Group to Support Emerging Fintechs

AXIAN Group in Madagascar has provided investment to Egypt-based Disruptech, a venture capital firm that focuses on the fintech industry, to enable Disruptech to assist additional budding fintechs in scaling and entering new markets.

In addition to fostering a rising number of businesses in related industries that are speeding financial inclusion, Disruptech is a venture capital fund dedicated to building Egypt’s financial innovations ecosystem. From seed-round financing through scaling and eventual growth, the fund helps these start-ups.

“We are happy with our relationship with Axian,” stated Mohamed Okasha, managing partner of Disruptech. There are many smart and bright entrepreneurs in Egypt, but far too frequently they are unable to raise the money they require to grow their companies. This fund aims to rectify that and help accelerate the growth of Egypt’s fintech/fintech-enabled economy.

The fund manager’s dedication to fostering Egypt’s budding fintech sector is in line with its broader purpose to provide access to financial services nationwide, promoting financial inclusion and fostering economic development in Egypt.

The AXIAN group and Disruptech both think that fintech can successfully market solutions to social problems. AXIAN’s dedication to Disruptech supports its business philosophy, which holds that disruptive technology and innovative developments may enhance people’s daily lives.

This investment is completely in line with the mission of AXIAN group, which is to expand within the digital economy by promoting innovation-as-a-service to the communities it serves and by increasing public accessibility to new innovative solutions.

The relationship with Disruptech will establish a platform to find synergies between AXIAN’s brands and start-ups in the Egyptian fintech and digital economy because AXIAN is already present in many African nations.

One of Africa’s economies that is expanding the fastest is Egypt’s. It demonstrates the ability and tenacity that are so fundamental to the African soul. By making this investment, AXIAN is demonstrating its support for companies that innovate, reinvent themselves, or modify current technologies to meet potential future issues. By doing so, we can continue to create connections for the exchange of knowledge and creativity that promotes greater financial inclusion throughout Africa. CEO of the AXIAN group, Hassanein Hiridjee.